Janus Forty Fund (JACTX)

High-Conviction Large-Cap Growth Equities

SHARE CLASS

FUND FACTS (JACTX)

Inception Date5/1/1997
NAV (As of 7/25/16)$29.45
Total Net Assets (As of 6/30/16)$2.12B
Annual Expense Ratio
(As of fiscal year end 9/30/15)
GROSS 0.95%
NET 0.95%

Performance (As of 6/30/16)
1 Year2.08%
3 Year13.72%
5 Year12.29%
10 Year8.63%
Morningstar (As of 6/30/16)
CategoryLarge Growth
Overall Rating™
(Based on risk-adjusted returns)

View All Ratings

1483 Funds Rated
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Returns greater than one year are annualized.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/17.

Quarterly Commentary - Q2 2016

EXECUTIVE SUMMARY

U.S. stocks traded narrowly for much of the second quarter before being jolted late in June by the UK’s surprise decision to leave the European Union.

The Fund outperformed its primary benchmark.

Markets are still faced with a slow-growing global economy and geopolitical pressures, which we believe underscores the importance of finding select companies with truly sustainable competitive advantages that can take market share and continue to grow earnings, even without the backdrop of a strong global economy.

FUND MANAGEMENT

Doug Rao

Doug Rao

Fund Manager since 2013
Industry since 1998

Nick Schommer

Nick Schommer, CFA

Fund Manager since 2016
Industry since 2007